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HomeDaily NewsFriday, May 22, 2026Ruto Promises Minimum Fare Rules for Ride-Hailing Taxis Amid Fuel Crisis - May 2026
Business & Economy3 stories from 2 sources

Ruto Promises Minimum Fare Rules for Ride-Hailing Taxis Amid Fuel Crisis - May 2026

President William Ruto has promised urgent implementation of minimum fare rules for ride-hailing taxis to protect operators from the current fuel crisis. This comes as Kenya Power has generated Sh382 million in revenue from electric vehicle charging infrastructure in less than three years, demonstrating rapid growth in this emerging sector. Meanwhile, a new report from AVEDA IMD Business School reveals that industrial firms are struggling to translate their ambitions in building AI-powered digital ecosystems into tangible results, primarily due to significant hurdles in data sharing, which could impact future transportation technology adoption.

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Friday 10:03 AMCapital Business

Ruto promises urgent minimum fare rules for ride-hailing taxis amid fuel crisis

Ruto promises urgent minimum fare rules for ride-hailing taxis amid fuel crisis

President William Ruto has promised the urgent implementation of minimum fare rules for ride-hailing taxis to protect operators from the current fuel crisis.

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Key Highlights

President William Ruto has promised the urgent implementation of minimum fare rules for ride-hailing taxis to protect operators from the current fuel crisis.

  • Nairobi, Kenya - May 22
  • President William Ruto directed the Ministry of Transport and the National Transport and Safety Authority (NTSA) to act.
  • This announcement follows a nationwide matatu strike protesting soaring fuel prices and comes with an additional Sh10 reduction in diesel prices for the June–July cycle.
Friday 7:47 AMCapital Business

Industrial firms struggle to turn AI ambitions into real-world gains, report shows

Industrial firms struggle to turn AI ambitions into real-world gains, report shows

A new report from AVEDA IMD Business School reveals that industrial firms are struggling to translate their ambitions in building AI-powered digital ecosystems into tangible results, primarily due to significant hurdles in data sharing.

Read Story

Key Highlights

A new report from AVEDA IMD Business School reveals that industrial firms are struggling to translate their ambitions in building AI-powered digital ecosystems into tangible results, primarily due to significant hurdles in data sharing.

  • 74% of senior executives prioritize digital ecosystems, but only 27% report substantial data sharing with partners.
  • The report surveyed over 275 senior executives across 12 sectors globally.
  • Key barriers identified include integration complexity, outdated systems, and weak governance structures, impacting companies in Kenya and worldwide as they navigate operational disruptions and climate pressures.
Thursday 6:02 PMNation BusinessFirst

Kenya Power earns Sh382m from EV charging infrastructure

Kenya Power earns Sh382m from EV charging infrastructure

Kenya Power has generated Sh382 million in revenue from electric vehicle (EV) charging infrastructure in less than three years, demonstrating rapid growth in this emerging sector.

Read Story

Key Highlights

Kenya Power has generated Sh382 million in revenue from electric vehicle (EV) charging infrastructure in less than three years, demonstrating rapid growth in this emerging sector.

  • Monthly EV charging earnings have surged from approximately Sh873,907 in July 2023 to a peak of Sh35 million in February 2026.
  • This significant revenue stream is attributed to a specialized EV charging tariff developed with the Energy and Petroleum Regulatory Authority (EPRA), offering affordable off-peak rates.
  • Nairobi accounts for 71 per cent of the revenue, but adoption is expanding nationwide, highlighting the increasing mainstream reality of EV adoption in Kenya.
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